View more on these topics

Employer&#39s contribution needed for GPPs to qualify as stakeholder says Scotlife

Scottish Life has called for employer contributions to group personal pension schemes to be compulsory in order for them to qualify for stakeholder status.

In its response to the latest consultation brief on stakeholder pensions the life office welcomed the Government&#39s concession that GPPs may be allowed to be re-classified as stakeholder schemes.

But it called on the Government only to allow stakeholder status to be granted on schemes where employers make a substantial contribution for their employees.

Scottish Life says: &#34It is our view that employers should be required to match any contributions made by their employees to the GPP scheme up to a maximum of 4 per cent of earnings if they wish the GPP to be registered as a stakeholder scheme.&#34


Woolwich launches buy-to-let tracker

Woolwich Direct is launching a tracker mortgage for the buy-to-let market.The loan is aimed at borrowers looking to purchase or remortgage a residential investment property.The loan will track Woolwich&#39s base rate plus 1.6 per cent. The bank&#39s current base rate is 6.6 per cent.Loans will be available up to 75 per cent loan to value […]

First Active to sell mortgages over the internet

First Active plans to sell its mortgages over the internet later this year according to the Financial Times.The lender which specialises in flexible mortgages, says its site will provide customers with the opportunity to specify their individual requirements.But First Active is still considering whether it will offer lower borrowing rates to those customers using the […]

Retail Oeics more expensive than unit trust counterparts

Oeics are more expensive for retail investors than their unit trust counterparts according to a survey by research group Fitzrovia.The research found retail Oeics funds generally have a much higher Total Expense Ratio of 1.72 per cent compared to 1.48 per cent for unit trusts.The TER is calculated as the effect on fund performance when […]

FSA to run compliance workshops for small IFAs

The FSA is launching a series of compliance workshops for small IFAs.The workshops to be held this autumn are designed to provide IFAs from firms with up to 9 advisers, an understanding of key compliance issues.They will attempt to demystify PIA rules and provide practical guidance on how to address and avoid the main compliance […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm